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Edward Lazear

Edward Lazear
24th Chairman of the Council of Economic Advisers
In office
February 27, 2006 – January 20, 2009
PresidentGeorge W. Bush
Preceded byBen Bernanke
Succeeded byChristina Romer
Personal details
Born
Edward Paul Lazear

(1948-08-17)August 17, 1948
New York City, New York, U.S.
DiedNovember 23, 2020(2020-11-23) (aged 72)
Political partyRepublican
SpouseVictoria Lazear
Education

Edward Paul Lazear (/ləˈzɪər/, lə-ZEER; August 17, 1948 – November 23, 2020)[1] was an American economist, the Morris Arnold and Nona Jean Cox Senior Fellow at the Hoover Institution at Stanford University and the Davies Family Professor of Economics at Stanford Graduate School of Business.[2]

Lazear served as chairman of the Council of Economic Advisers from 2006 to 2009.[3] As chairman, he was the chief economic advisor to President George W. Bush,[4] holding a cabinet-level post as part of the White House team that led the response to the 2007-2008 financial crisis. Lazear has been called the founder of personnel economics a field of economics that applies economic models to the study of the management of human resources in the firm.[5] His research advanced new models of employee incentives, promotions, compensation and productivity in firms. He is also credited with developing a theory of entrepreneurship and leadership that emphasizes skill acquisition.[6] In addition to personnel economics, Lazear was a labor economist known for his work on the educational production function, and the importance of culture and language in explaining the rise of multiculturalism.[7][8][9]

  1. ^ Nominations of Edward P. Lazear, Randall S. Kroszner, and Kevin M. Warsh, February 14, 2006, Volume 4, p. 35.
  2. ^ "Edward Paul Lazear". Hoover Institution. Archived from the original on September 5, 2020. Retrieved November 25, 2020.
  3. ^ "OPINION: Income inequality becomes more entrenched in Canada". The Chronicle Herald. August 23, 2017. Archived from the original on August 25, 2017. Retrieved August 25, 2017.
  4. ^ Henderson, Nell (January 2006), "Lazear Tapped to Lead President's Economic Council", Washington Post, archived from the original on March 5, 2017, retrieved August 26, 2017
  5. ^ Dilger, Alexander (2011). "Personnel Economics: Strengths, Weaknesses and Its Place in Human Resource Management" (PDF). Management Revue. 22 (4): 331–343. doi:10.5771/0935-9915-2011-4-331. hdl:10419/79024. Archived (PDF) from the original on September 23, 2019. Retrieved September 23, 2019.
  6. ^ "Edward P. Lazear | Becker Friedman Institute". February 14, 2018. Archived from the original on February 14, 2018. Retrieved November 28, 2020.
  7. ^ Lazear, Edward P. (2001). "Educational Production". The Quarterly Journal of Economics. 116 (3): 777–803. doi:10.1162/00335530152466232. ISSN 0033-5533. JSTOR 2696418. Archived from the original on November 18, 2020. Retrieved November 28, 2020.
  8. ^ Lazear, Edward P. (September 1, 1999). "Educational Production". Working Paper Series. doi:10.3386/w7349. S2CID 219368998. Archived from the original on July 24, 2020. Retrieved November 28, 2020. {{cite journal}}: Cite journal requires |journal= (help)
  9. ^ Lazear, Edward P. (1999). "Culture and Language". Journal of Political Economy. 107 (S6): S95–S126. doi:10.1086/250105. ISSN 0022-3808. JSTOR 10.1086/250105. S2CID 153720804. Archived from the original on March 21, 2017. Retrieved November 28, 2020.

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